Revenue segments as reported by the company.

Service

Product

Real estate services

Rentals

Mortgage

Other

Corporate overhead

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology & Development

Marketing

Restructuring and reorganization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Redfin

Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Redfin surpasses revenue expectations, eyes digital growth for profitability

Redfin's Q4 2022 performance exceeded revenue expectations and showcased financial stability. The company is strategically shifting towards higher-margin revenues and focusing on digital businesses for growth.
While facing challenges such as market share loss and increased expenses, Redfin is leveraging opportunities in high-margin digital revenue and repeat customer sales. The company's emphasis on partner agents and cost control strategies bodes well for future profitability.
Overall, Redfin's hybrid model, emphasis on digital growth, and commitment to enhancing customer experience position it for positive adjusted EBITDA in 2023 and net income in 2024.

Redfin exceeds Q1 revenue expectations, focuses on regaining market share

Redfin's Q1 performance exceeded expectations, with a focus on regaining market share and improving profitability. The company faces challenges in declining revenue and fierce competition in the mortgage market. However, opportunities exist in creating demand through innovative pricing and targeting luxury buyers.

Redfin reports revenue growth and partnerships driving future profitability

Redfin's Q2 2023 performance showed revenue growth and improved margins.
While facing market share challenges, Redfin's strategic partnerships and tech investments offer growth potential.
Opportunities lie in achieving profitability, enhancing customer experience, and expanding market share.

Redfin reports resilient Q3 earnings, eyes growth through digital strategies

Redfin's Q3 2023 performance showcased resilience, profitability, and strategic capital raising amidst market challenges.
Strengths in market share gains, digital strategies, and agent recruitment initiatives position Redfin for growth.
Challenges include achieving EBITDA breakeven, managing costs, and executing expansion plans effectively.
Opportunities in market expansion, agent recruitment, and digital business growth offer avenues for future success.

Redfin reports Q4 mixed results, eyes growth in mortgages and digital margins

Redfin's Q4 performance showed mixed results with revenue growth but net loss. Strengths lie in visitor growth, AI integration, and improving mortgage attach rates. Challenges include potential rate drops and long-term housing supply issues. Opportunities exist in revenue growth, EBITDA breakeven, and mortgage business expansion.

Redfin reports robust Q2 earnings, eyes growth amid challenges

Redfin delivered a strong performance in Q2, exceeding revenue expectations and showcasing profitability improvements.
While facing challenges in margin management and recruitment, Redfin's focus on efficiency and digital transformation bodes well for the future.
Opportunities lie in expanding Rental segment growth, optimizing Redfin Next, and exploring new revenue streams.
Overall, Redfin's strategic initiatives position the company for continued success amidst market uncertainties.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Redfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Rentals, Mortgage, Other, and Corporate Overhead. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.

Compass

Shares of the real estate brokers fell sharply in Tuesday trading after they each announced plans to lay off more than 400 employees.

Compass, Redfin Shed Workers Amid Bleak Housing Market

The Redfin real estate company laid of 8% of its workforce as the industry continues to contract Tuesday.

Redfin lays off 8% of workers, forecasts years of fewer home sales amid rate hikes

The housing market has taken a huge hit this year as mortgage interest rates have surged and homeowners scale back on purchases. The latest casualties in the proptech world are Redfin and Compass, which both announced layoffs today that combined amounted to about 920 people.

Redfin and Compass lay off a combined 900+ employees as mortgage interest rates continue to climb

Seattle real estate company Redfin announced Tuesday that it is cutting about 8% of its workforce, acknowledging that a housing downturn in the U.

Redfin laying off 8% of workforce due to ‘market conditions' as real estate demand cools

In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.

Real estate firms Compass and Redfin announce layoffs as housing market slows

Redfin will cut about 6% of its workforce while Compass plans on cutting around 10%.

Redfin and Compass to Cut Jobs as Housing Market Slows

Shares of Redfin Corp. RDFN, -3.63% dropped 3.7% toward a record low in midday trading Tuesday, after the real estate brokerage disclosed a decision to lay off 470 employees, or about 6% of its workforce. The company said it plans to complete the job cuts by the end of June.

Redfin to cut 470 jobs, stock sinks toward record low

The company's research reveals that luxury home buying is slowing considerably, and potential homeowner budgets are flattening.

Why Redfin Stock Plummeted by Nearly 11% Today

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage. That is the slowest growth rate since June 2020. This analysis was based on the average maximum budget set by Redfin.com users in their online home searches. Declining budgets are a leading indicator that home-price growth has

Redfin Reports Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years

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5 Cutting-Edge Growth Stocks That Can Turn $200,000 Into $1 Million by 2030

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That's according to an analysis of luxury real estate trends from Redfin (www.redfin.com), the technology-powered real estate brokerage. The analysis divides all U.S. residential properties into price tier

Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic

Real estate brokerage Redfin Corp (NASDAQ:RDFN) is down 6.3% at $10.37 at last check, after the company reported the number of homes for sale fell 8% in the four weeks ending on June 5 -- the smallest year-over-year decline since January 2020 -- thanks to weaker demand.

Real Estate Stock's Floor Could Be at Risk

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The number of homes for sale fell 8% during the four weeks ending June 5, the smallest year-over-year decline since January 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was more a reflection of declining homebuyer demand than of more homes being listed for sale. Tours, offers and other requests for help with homebuying, as measured by the Redfin Homebuyer Demand Index, fell 12% last week, a

Redfin Reports For-Sale Listings Accumulate, Post Smallest Annual Decline Since January 2020

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's on par with April's annual increase of 15%, but a slowdown from March's 17% gain. “More people are opting to live alone, and rising mortgage-interest rates are forcing would-be homebuyers to keep renting,” said

Redfin Reports Typical U.S. Asking Rent Surpassed $2,000 for First Time in May

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Average rental prices rose 17.1% year over year nationwide to $1,893 in popular second-home markets in April. That's compared with a 10% increase to $1,484 in places that aren't considered second-home

Second-Home Hotspots Saw Outsized Growth in Rental, Home Prices During the Pandemic

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In other words, the typical home with high fire risk sold for $119,200 (27.6%) more than the typical home with low fire risk—the largest premium in dollar terms since at least 2017. By comparison, homes with high fire risk sol

Redfin Reports Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia

Redfin has an exciting business model, but it carries big question marks.

Is Redfin the Future of Real Estate?

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers who are priced out of Austin are turning to San Antonio, located about 80 miles southwest, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. San Antonio ranks 10th on Redfin's list of most popular migration destinations, and its popularity with homebuyers from other parts of the country has soared since the beginning of the pandemic. Over 6,000 more Redfin.com home searchers looked to move into

Priced Out of Austin, Relocating Homebuyers Turn to San Antonio

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —May marked a turning point in the pandemic housing frenzy, as buyers regained some control over the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This limited sense of control comes at a great cost, as 5% mortgage rates and record-high prices have edged many buyers out of the market. Pending sales posted their largest annual decline since spring 2020, while the Redfin Homebuyer Demand Index dec

Redfin Reports Homebuyers Regain Some Control as Supply Grows and Demand Pulls Back

Shares of the real estate stock pulled back on rising rates.

Why Redfin Stock Fell 12% in May

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —As the housing market shifts from a red-hot seller's market to one where buyers have some power, Redfin experts share home-selling tips in a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pricing and timing are key Pricing and timing are always critical when it comes to selling a home, but especially in the current market. Redfin economists advise listing your home as soon as possible, and pricing it slightly lower th

Redfin Advises Listing Sooner Rather Than Later, Pricing Slightly Below Recent Comps and Other Home-Selling Tips For a Changing Market

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Bank of America 2022 Global Technology Conference Wednesday, June 8, 2022, at 3:05 p.m. PT A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with

Redfin to Present at Bank of America 2022 Global Technology Conference

SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following virtual event: Stifel 2022 Cross Sector Insight Conference Tuesday, June 7, 2022, at 1:15 p.m. ET A link to the live webcast, as well as the replay of this presentation, will be available at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokera

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